Hoeven Statement on Debt Ceiling Agreement That Reduces Spending, Enacts Permitting Reform

WASHINGTON – Senator John Hoeven today issued the following statement on the bipartisan debt ceiling agreement that reduces spending. 

“According to the CBO, this is the largest spending cut in history, reducing the deficit by $2.1 trillion. The agreement reduces future discretionary spending to 1% growth while also clawing back COVID funds and strengthening work requirements for food assistance programs. The agreement enacts real permitting reforms and sets clear timelines for federal reviews – two years for an Environmental Impact Statement (EIS) and one year for an Environmental Assessment (EA) – to prevent delays and reduce costs for energy and other infrastructure projects, which is why the North Dakota Petroleum Council supports this legislation. While we would have preferred more savings, this legislation is far better than a debt ceiling increase with no spending reforms that the president first demanded, and is a step in the right direction as we continue working to rein in spending and control the debt and deficit.”